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> The US does not have full employment. * Citation needed. Here's the Fed saying we are: https://www.reuters.com/article/us-usa-fed-kaplan/feds-kaplan-u-s-ec
by leereeves 8y ago
> The US does not have full employment.
* Citation needed.
Here's the Fed saying we are:
https://www.reuters.com/article/us-usa-fed-kaplan/feds-kaplan-u-s-economy-at-or-beyond-full-employment-idUSKCN1II2NQ https://www.reuters.com/article/us-usa-fed-kaplan/feds-kapla...
- zafka 8y agoFrom a similar time frame: https://slate.com/business/2018/05/the-unemployment-rate-is-historically-low-and-meaningless.html https://slate.com/business/2018/05/the-unemployment-rate-is-... Just like the cost of living index, Politicians often use misleading techniques to calculate "employment rate"
- leereeves 8y agoAlright then, let's look at this index that article proposes: https://fred.stlouisfed.org/series/LNS12300060 https://fred.stlouisfed.org/series/LNS12300060 At 79.9, it's not quite record high employment, but it's close.